Malaysia legislation

Section 34

of FOREST RESEARCH INSTITUTE MALAYSIA ACT 2016

Section 34

(2)

The Institute may deposit, either on deposit account or current account, any moneys for the time being uninvested, in—

(a)

any licensed bank or licensed investment bank under the

Financial Services Act 2013 [Act 758]; or

(b)

any licensed Islamic bank under the Islamic Financial

Services Act 2013 [Act 759].

Power to employ agents, etc.